The Economy of Prestige: Prizes, Awards, and the Circulation of Cultural Value Tapa dura - 2005

Información de la editorial

This is a book about one of the great untold stories of modern cultural life: the remarkable ascendancy of prizes in literature and the arts. Such prizes and the competitions they crown are almost as old as the arts themselves, but their number and power - and their consequences for society and culture at large - have expanded to an unprecedented degree in our day. In a wide-ranging overview of this phenomenon, James F. English documents the dramatic rise of the awards industry and its complex role within what he describes as an economy of cultural prestige. Observing that cultural prizes in their modern form originate at the turn of the 20th Century with the institutional convergence of art and competitive spectator sports, English argues that they have in recent decades undergone an important shift - a more genuine and far-reaching globalisation than what has occurred in the economy of material goods.